Requisite Capital Management LLC Has $340,000 Stock Holdings in BHP Group Limited (NYSE:BHP)

Requisite Capital Management LLC trimmed its stake in shares of BHP Group Limited (NYSE:BHP) by 39.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,962 shares of the mining company’s stock after selling 4,477 shares during the quarter. Requisite Capital Management LLC’s holdings in BHP Group were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BHP. Eastern Bank acquired a new stake in shares of BHP Group in the 3rd quarter valued at $26,000. Sound Income Strategies LLC boosted its position in BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares in the last quarter. Farmers & Merchants Investments Inc. bought a new stake in BHP Group during the third quarter worth about $50,000. Versant Capital Management Inc acquired a new stake in shares of BHP Group during the fourth quarter worth approximately $40,000. Finally, Viking Fund Management LLC raised its stake in shares of BHP Group by 72.4% in the third quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock valued at $62,000 after acquiring an additional 420 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. Jefferies Financial Group dropped their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Stock Performance

Shares of BHP Group stock opened at $49.88 on Friday. The firm has a fifty day moving average of $50.59 and a two-hundred day moving average of $53.92. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.